4ii] 



BUTTER PRICES 



187 



Diagram IV. — Comparison of Retail and Wholesale Prices of Extra 

 Creamery Butter in New York City from 1908 to 191 i 

 190S 1909 1910 1911 



month. 



- Actual retail prices in New York City reported on the 15th of each 

 Actual average monthly wholesale prices in New York City. 



Data from U. S. Bureau of Labor Statistics, Bulletins 81, 87, 93, 99, wj. 



19 10, when the retail price shows merely a steady decline. 

 In discussing the organization of the butter market it was 

 pointed out that the wholesale dealers make it their busi- 

 ness to watch all conditions that affect prices, and for this 

 reason it may be expected that the course of the wholesale 

 prices will show small fluctuations to which the retail prices 

 cannot respond. On the whole, however, the retail and 



